Sequoia Economic Infrastructure Inc (SEQI), a prominent investor in infrastructure debt, has announced placement of 125,000,000 ordinary shares. The pricing of the new shares is expected to be announced around 13th September 2019.
In June, the company increased its equity capital by £216 million in an oversubscribed issue. The rate of deployment has been significantly ahead of expectations, resulting in the company’s bank facilities getting drawn down. The outlook for the deployment of funds appears favourable to the company for the rest of 2019 and hence the requirement of new funds.
On 2nd September 2019, at the time of writing, GMT 11:42 AM, SEQI shares were trading at GBX 115.20, down 1.6 points or 1.37% against the previous day closing price.